Adam Smith argued that government should actively intervene in market to improve economic performance
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
What is the division of labor? How does it raise efficiency and productivity?
What will be an ideal response?
Suppose the equilibrium quantity of ethanol has decreased. Which of the following could have caused this change?
A) a decrease in demand B) an increase in supply C) an increase in quantity demanded D) an increase in quantity supplied
The demands for labor and other input factors are called
A) derived demands, because the demand for these inputs depends on the demand for goods and services they are employed to produce. B) developed demands, because the demand for these inputs is developed from an analysis of the costs of advertising products. C) indirect demands, because the demand for these inputs is indirectly related to the costs of advertising products. D) reverse demands, because the demand for these inputs varies inversely with the demand for goods and services they are employed to produce.
Briefly explain why government subsidies are a reason for the declining student performance in public education
What will be an ideal response?